Real Estate Trends
Top 10 U.S. Counties with Highest Effective Property Tax Rates in 2023
According to ATTOM’s 2023 Property Tax Analysis for 89.4 million U.S. single family homes, there was a 6.9% surge in single-family home property taxes in 2023, reaching $363.3 billion. The report states that this is nearly double the 3.6 percent growth rate of 2022 and represents the largest increase in the past five years. ATTOM’s latest... Read More »
Property Taxes on Single-Family Homes Up 7 Percent Across U.S. in 2023, to $363 Billion
Total Single-Family Taxes Levied Nationwide in 2023 Rise Twice as Fast as in 2022; Average Property Tax Up 4 percent, to $4,062, While Effective Rate Also Increases; Highest Effective Tax Rates Remain Clustered in Northeast and Midwest IRVINE, Cal. – Apr. 4, 2024 — ATTOM, a leading curator of land, property, and real estate data, today released... Read More »
Home Affordability Improves Slightly Across U.S. During First Quarter but Remains Difficult for Average Workers
Major Home-Ownership Expenses Require Smaller Portion of Wages for Second-Straight Quarter; Historical Affordability Also Inches Upward; But Both Measures Remain Near Worst Levels in 15 Years as Home Prices Stay Close to All-Time Highs IRVINE, Calif. – Mar. 28, 2024 — ATTOM, a leading curator of land, property, and real estate data, today... Read More »
Top 10 Counties with Highest Annual Percentage Increases in Home Flipping Returns
According to ATTOM’s Year-End 2023 U.S. Home Flipping Report, a total of 308,922 single-family homes and condos were flipped in the United States throughout 2023. The report noted that this figure marks a notable decrease of 29.3 percent compared to the 436,807 flips recorded in 2022, representing the most substantial annual decline since 2008.... Read More »
Home Flipping Plummets Across U.S. in 2023 as Profits Slump Again
Flipping Activity by Investors Declines at Fastest Pace in 15 Years; Investment Returns on Flips Sink to Lowest Level Since 2007: Two-Thirds of Flipped Homes Still Purchased with Cash IRVINE, Calif. – Mar. 21, 2024 — ATTOM, a leading curator of land, property, and real estate data, today released its year-end 2023 U.S. Home Flipping Report, which... Read More »
Top 10 Counties for Buying Single Family Rentals in 2024
According to ATTOM’s newly released Q1 2024 Single-Family Rental Market Report, landlords are experiencing rising investment returns due to rents increasing slightly faster than home prices in most parts of the country. The report noted that rising rents have occurred in conjunction with various market forces driving rental demand. These include... Read More »